Asia's Full Service Airlines Continue to Struggle With Freight Overcapacity

Struggle Despite Strong Start to the Year for World's Air Cargo Market

HONG KONG—A strong start to the year for the world's air cargo market isn't helping Asia's full service airlines—many with large cargo operations—as they continue to struggle with overcapacity that weighs on freight rates.

Growth in global airfreight shipments accelerated to 3.6% in January and February from a year earlier, as broad economic recovery lifted demand, according to data issued Wednesday by the International Air Transport...